Agenda

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County Administrator's Report 10. 11.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	10/08/2015
Issue: Reduction of the Minimum Bid Required for Sale of Surplus Property Located at 310 East Mallory Street
From:	Stephan Hall
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Reduction of the Minimum Bid Required for Sale of Surplus Property Located at 310 East Mallory Street - Stephan Hall, Budget Manager, Management and Budget Services

That the Board take the following action concerning reduction of the minimum bid required for sale of surplus real property located at 310 East Mallory Street, due to the Property Appraiser's reassessed value:

A. Authorize the sale of surplus real property located at 310 East Mallory Street, Account Number: 133766000, Reference Number: 00-0S-00-9020-025-102, to the bidder with the highest offer received at or above the reassessed minimum bid of $14,108, in accordance with Section 46.134 of the Escambia County Code of Ordinances, without further action of the Board; and

B. Authorize the Chairman to sign all documents related to the sale.

BACKGROUND:

This property escheated to the County on May 2, 2014. The Board declared the property surplus and authorized its sale at its Board Meeting on June 3, 2014, with a minimum bid set at the then current value assessed by the Property Appraiser, $57,356. The Property Appraiser has now reassessed and reduced their value to $14,108, as reflected on the attached Property Record Card, because the house requires a substantial amount of repair. The Property Appraiser's webpage will be updated following their Value Adjustment Board Hearing. The County has no need for this property.

BUDGETARY IMPACT:

Sale of this property will provide revenue for the General Fund.

LEGAL CONSIDERATIONS/SIGN-OFF:

All legal documents will be approved as to form and legal sufficiency by the County Attorney's Office prior to execution by the Chairman. The purchaser will pay all closing costs.

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Escambia County Ordinance, Section 46.134.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
2015 Property Record Card - 310 East Mallory Street
Backup - 310 East Mallory Street